ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,856, issued on May 19.
"Instant provenance platform" was invented by Brandon Cook (Orange, Calif.), Christopher Key (Orange, Calif.), Kwang Hwang (Orange, Calif.) and Austin Cho (Orange, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system for secure and verifiable transfer of valuable physical goods includes a card that has a public key and one or more private keys that are obscured. When ownership transfer occurs, a private key from the card is revealed and scanned. A computer system then decrypts a blockchain, generates a new block and adds it to the chain to record the transfer of ownership. The card limits the amount of transfers of a ...